Fly News Breaks for February 12, 2020
TCO, SPG, MAC
Feb 12, 2020 | 06:04 EDT
Piper Sandler analyst Alexander Goldfarb downgraded Macerich (MAC) to Underweight from Neutral with a price target of $20, down from $26. Simon Property's (SPG) buyout of Taubman Centers (TCO) this removes any potential M&A support for Macerich in the near term, putting more pressure on the company to improve its capital position, Goldfarb tells investors in a research note. He believes the deal "places even more pressure" on Macerich to restore growth, while removing any investor hope that Simon could potentially give the company "another look."
News For MAC;SPG;TCO From the Last 2 Days